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underpants

(182,832 posts)
Fri Jun 14, 2019, 07:04 PM Jun 2019

Donald J. Trump State Park(s) N.Y. has a story exactly like you'd expect

As with most Bloomberg reports very well researched and all aspects covered.


A Failed Trump Golf Course Turned Into a Dilapidated New York State Park

Trump boasted undeveloped land worth five times assessed value
New York stopped maintaining marshy, overgrown forest in 2010



When Donald Trump bought 436 acres in upstate New York two decades ago, he envisioned adding two new championship golf courses to his collection.

But local leaders nixed the golf-course plans and his subsequent efforts to sell it to a homebuilding company faltered. So he gave it away.

"This is my way of trying to give back," he said at the time.

Like most deals involving Trump, there was more to it than goodwill. He was unloading what experts say was useless land, but not before working local officials to see if they could reappraise it at more than five times the assessed value, according to documents seen by Bloomberg and interviews with people involved -- and using a grossly inflated figure on later presidential campaign documents to show, falsely, the depth of his philanthropy.

Despite the purchase price of $2.75 million, and a county assessment of $5.5 million at the time of the donation, Trump’s 2016 campaign said in a list of charitable donations published by The Washington Post that the land was worth $26.1 million.





https://www.bloomberg.com/news/articles/2019-06-14/failed-trump-golf-course-turned-into-dilapidated-n-y-state-park

11 replies = new reply since forum marked as read
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Donald J. Trump State Park(s) N.Y. has a story exactly like you'd expect (Original Post) underpants Jun 2019 OP
Hand-written asterisks? gratuitous Jun 2019 #1
Good catch underpants Jun 2019 #3
This message was self-deleted by its author CatWoman Jun 2019 #9
Maybe he only had one piece of paper... TwilightZone Jun 2019 #10
I can't believe anyone would name a park of any kind for Trump - one of the most walkingman Jun 2019 #2
A bad idea crushed by responsible local officials underpants Jun 2019 #4
So, he overpays what the swamp was worth, but can't unload it because, hey, it's a swamp... Dennis Donovan Jun 2019 #5
You nailed it underpants Jun 2019 #7
Not sure that we know he actually took a write-off like on taxes ... mr_lebowski Jun 2019 #8
Swamp Womp... Blue Owl Jun 2019 #11
More crazy, cre, cre from trump Miigwech Jun 2019 #6

Response to gratuitous (Reply #1)

TwilightZone

(25,472 posts)
10. Maybe he only had one piece of paper...
Fri Jun 14, 2019, 07:48 PM
Jun 2019

and couldn't reprint it.

Joking, of course. It is rather amateurish. No surprise there.

walkingman

(7,629 posts)
2. I can't believe anyone would name a park of any kind for Trump - one of the most
Fri Jun 14, 2019, 07:10 PM
Jun 2019

corrupt and anti=environment person on the planet.

underpants

(182,832 posts)
4. A bad idea crushed by responsible local officials
Fri Jun 14, 2019, 07:14 PM
Jun 2019

Another part I couldn't post in the OP

Tim Miller, an environmental consultant who worked on the plans, said Trump made no improvements to the land, so the value likely stayed the same. “What he paid was its value, that’s what I would expect,” he said.


Miller added that he billed the Trump Organization a seven-figure sum for his work on the land as well as his work on Trump National Golf Club Westchester in Briarcliff Manor, New York. Trump’s company paid him all but $140,000, and after fighting for several months to get the balance, Miller said he finally accepted Trump’s personal offer of a discounted membership at the Briarcliff Manor club in lieu of payment.

"It was either accept it or go to court," Miller said.

Dennis Donovan

(18,770 posts)
5. So, he overpays what the swamp was worth, but can't unload it because, hey, it's a swamp...
Fri Jun 14, 2019, 07:14 PM
Jun 2019

...so he "gifts" it to the state, even THEY don't want or need a swamp, but they just want this asshole out of their office so they throw up their hands and yell, "WHATEVER!" But, before he leaves, he tries to bribe them to inflate the assessment so he gets a bigger writeoff. They won't, so he goes ahead and lies about the inflated price anyway?

Do I have the right?

underpants

(182,832 posts)
7. You nailed it
Fri Jun 14, 2019, 07:19 PM
Jun 2019

See my post above from the article about how Trump SURPRISE shafted a vendor he owed money to.

 

mr_lebowski

(33,643 posts)
8. Not sure that we know he actually took a write-off like on taxes ...
Fri Jun 14, 2019, 07:32 PM
Jun 2019

Just that he lied about it on his Campaign Docs listing how much money he'd given to charity.

If he DID take a write-off of $26M on land arguably worth 2.5M, that oughta show up in the NY state tax forms, one would think.

Dems oughta rethink their not accepting them from the state ... for the year that the land donation was made.

Here's more ...
https://www.msnbc.com/rachel-maddow/watch/donald-j-trump-state-park--not-exactly.-486748227809

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